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CCH Editorial Staff
The 2004 Jobs Act adds 34 new sections to the Tax Code. One of the most important is Code Sec. 199.
This new section provides a deduction for U.S corporations engaging in "manufacturing" activities. Understanding the mechanics of the manufacturing deduction is crucial because it is arguably on the most beneficial code sections created in the past few years.
However, an enormous amount of complexity has been written into Code Sec. 199. It contains a number of new terms that are considered by many to be quite vague, yet critical in determining those businesses entitled to this important deduction.
This course explains the important new Code Sec. 199 manufacturing deduction. It explains domestic production gross receipts and the methods for determining them.
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Course Details
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Price: $24.00
Field of Study: Taxes
Prerequisites: None
Level: Intermediate
CTEC course number: 1075-CE-3486
Course was last updated on: 01/25/06
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Library:
Technical Requirements:
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| Credit Available For: |
Units |
| CPE |
2 CPE |
| QAS |
2 CPE |
| CFP® (Accepted by the CFP Board) |
2 CPE |
| Enrolled Agent (Accepted by the IRS) |
2 CPE |
| CTEC Federal |
2 CE |
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Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.
Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.
CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
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